The future of the thermoplastic unidirectional tape market looks
attractive with opportunities in the aerospace & defense,
transportation, sporting goods, industrial, and other industries.

The thermoplastic unidirectional tape market is expected to grow at a
CAGR of 8.9% from 2018 to 2023.

The major growth driver for this market is increasing use of
thermoplastic composites because it offers recyclability and processing
benefits, such as ability to remold, shorter cycle time, and no emission
of volatile matter.

Emerging trends, which have a direct impact on the dynamics of the
industry, include the continuous innovation and development of new
products and applications.

The study includes the thermoplastic unidirectional tape market size and
forecast of the global thermoplastic unidirectional tape market through
2023, segmented by end use industry, reinforcement type, resin type, and
region.

The report forecasts that the transportation will remain the largest end
use industry by volume, and it will also witness the highest growth
during the forecast period. Increasing demand for lightweight materials
to achieve higher fuel efficiency and reusable and recyclable materials
for environmental benefits are driving growth for this segment over the
forecast period.

By reinforcement type, glass fiber based UD tape is expected to remain
the largest segment, and carbon fiber is likely to witness the highest
growth in the forecast period supported by increasing usage of
lightweight materials in aircraft components.

North America is expected to remain the largest market by value and
volume and to witness the highest growth over the forecast period
because of rising penetration of thermoplastic unidirectional tape in
major end use industries.